Today’s 80-minute video below I answer 30 FAQs/explain {about} {why is} my trading challenge so special and {precisely what is} this tool {I take advantage of} every day {and just why} it’s so useful. Please {give consideration}, as I’m {sick and tired of} answering these same questions {at all times|constantly|on a regular basis|continuously}!
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I’ll get that video transcribed shortly, {since i have} {understand how} important {it really is} to even my valued deaf students and what I’m {going to} say next {may appear} surprising, but {stick with} me.
{The truth is}, there’s {reasonable} why {a whole lot} of traders {look down upon} {very cheap stocks}. Actually, {there are many} good reasons. {Included in this}: {very cheap stocks} are risky, {the marketplace} is volatile and {there are a great number of} shady stock promoters {seeking to} pump and dump. Oh, and let’s {remember}: the companies themselves {aren’t} always {the very best}.
Download a PDF version {of the} post.
{To inform} you {the reality}, I’m not {likely to} argue {these} points. {The truth is}, these reasons {in order to avoid} the penny {currency markets} are completely valid. {The marketplace} is volatile. {Very cheap stocks} {aren’t} for the faint of heart. However, {as soon as you} begin to {find out about} {very cheap stocks} and how they work, {it is possible to} devise {something} for success. That’s {just what} {I did so} and I’ve now turned $12,415 into $4,500,000+ including {a lot of} losses {on the way}.**
So yes, there’s {a lot of} risk, but there {may also be} {a lot of} payoff with {very cheap stocks}.
OK, I’ll level with you: {there is absolutely no} way to {obtain it} right {constantly} with {very cheap stocks}. However, {by firmly taking} certain proactive measures and following these steps, {you’re} far more {more likely to} pick winners when trading {very cheap stocks}. Save this guide and {make reference to} it {once you} {require a} reminder.
1. {Understand how} {very cheap stocks} work. This seems painfully obvious, right? But you’d be amazed by {just how many} people {believe that|believe} just because {very cheap stocks} are traded {such} {smaller amounts} per share, {they} don’t {should try to learn} {the guidelines} of the {currency markets} before they start trading. {It is a} common beginner mistake and, {for most}, it’s {the initial} and fatal mistake that ends their trading career before it begins.
{To understand} {how exactly to} pick winning {very cheap stocks}, {you need to} start {at the start}. Learn how {very cheap stocks} work. Read my e-guide, {that may|that will} {provide you with a|offer you a} great primer on {the fundamentals} of penny stocking. If you’re {prepared to} get {seriously interested in} trading, consider joining my Millionaire Challenge, where I {get into} {lots of|plenty of} detail and specifics {concerning the} {intricacies} of trading {very cheap stocks}.
2. Think pre-spike. Traditionally, the format goes like so: stock traders {turn to} buy low and sell high. {Is practical}, right? But as my students know, {it is possible to} maximize profits {even more} by buying low, selling high {and} selling short when prices {commence to} fall. {Once you} work {in this manner}, it’s possible {to create} profits both {because the} price rises and falls.
However, there’s a catch: {you have to|you should} identify stocks before they spike. {In this manner}, thinking “pre-spike” {will help you} choose the {most reliable} and lucrative {very cheap stocks}. {It can benefit} double {your cash} making potential.
This post details my secret formula for discerning {whether} a stock has spiked or not, with {tips} {which can be} applied immediately in your trading.
3. Learn the patterns. Like I said in the video earlier, {there is absolutely no} way {that you could} be right {at all times|constantly|on a regular basis|continuously} about {very cheap stocks}. But, over my time as a trader, {I’ve} identified {numerous|several} patterns {that may} prime you for penny stock success….patterns {such as this} and this {which}.
I {get into} MUCH {more detail} {in my own} Millionaire Challenge program. But, {the bottom line is}, you can {turn to} {the marketplace} for specific clues: {searching for} stocks {which have} already begun to spike, {searching for} breakouts {which are} reaching new heights and {going for a} long, hard {consider the} price action.
By learning these patterns and understanding what they mean, {it is possible to} help yourself {pick the best} {very cheap stocks} possible.
4. {Research your facts}. It’s a cold, hard truth: many penny stock traders don’t succeed {since they} simply don’t do their research. {Among the} lessons I drum into my students {right from the start} {of these} studies is that {doing all your} research {is really a} vital step that {can’t be} skipped.
{It could be} easy to {feel just like} you’re not taking action or “doing” anything while researching stocks. But that couldn’t be further from {the reality}. If all you’re doing is {based on the|according to the|with respect to the} word of others, {in that case your} profits can automatically be cut, because you’re just {being truly a} lemming. {Instead of} {following a|following} trend, seek to be {prior to the} curve. {This assists} you {commence to} make profits.
{Again and again}, {a comparatively} short {timeframe} {allocated to} research yields profits, both {for me personally} and my students.
{Whenever a} stock {appears to} hold promise, don’t just {be determined by} {the term} of promoters, {who’ve} {their very own} agendas {and also have} probably “clued in” countless other traders. Do {your personal} digging. Research the stock’s filing and disclosures and see what’s going on in SEC news. See {the proceedings} with {the business} and what {they will have} in the works; {make certain} {it really is} legit.
Often, simply {doing all your} research {can help you} {to make} bigger profits and leaving {your competition} in the dust. {It certainly makes you} an influencer, {not just a} follower.
5. {Prepare yourself}. Success {demands} hard work. {It needs} determination. {You have to do|You must do} {your quest} and you {have to be} methodical. {Nevertheless, you} {should also} {prepare yourself}.
In chess, {probably the most} successful players {are planning} several moves ahead: {they will have} a long-term strategy and plan. {This is just what} {you will need} as a trader. Penny stock traders {that are} just chasing {the gains} but aren’t prepared {are most likely} {likely to} bankrupt their portfolios.
While {doing all your} research and being methodical {is probably not|may not be} sexy, {the amount of money} {that you could} make certainly is exciting.
But I’m not selling a {get rich quickly} solution here; {that might be} insincere {also it} probably wouldn’t work. {Although it} is possible {to create} money quickly, the mentality {that you should|you need to} have is {longterm}. Proper planning isn’t fun {nonetheless it} {is essential}.
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I said it {at the start} {of the} post and {I’ll} say it again. {Deciding on a} winner {each and every time|each time} is simply {extremely hard}, in {very cheap stocks}, in horse racing, or {in virtually any} sector of life. However, {you can find} steps {that you could} {try} help ensure success. Follow the tips {in this article} {and it’ll} {assist you to} choose more winners {as time passes}.
{Are you experiencing} any favorite {strategies for} {selecting a} winning penny stock?